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this one and that is good for the american economy. >> we look back republican senator rand paul from the state of kentucky. senator paul, welcome, as always. i want to ask you about the fiscal cliff, the state of play. there's revenues on the table. there's tax rate increases on the table. i don't know if there's spending on the table. what's your thinking prigt now? >> that it's a really, really bad idea to raise taxes. if you want your economy to grow, you should do the opposite. we have to cut taxes. that's how i'd fix the economy. leave more money in the private sector. the president is adamant about raising taxes and he's dead wrong. >> there are some people saying we need a deal to avoid a huge tax increase but year end that would throw us into recession. just a thought, would you compromise in terms of let's say a smaller tax rate increase -- let's say the top rate goes to 37% instead of 40%, maybe the threshold goads es to $500,000 $750,000 rather than $250,000? does that interest you? >> no. but what about means testing for entitlement. why don't we say the rich get less soc
and the demand for oil -- actually, and the demand for oil continues to decline based on fuel economy standards and other reasons. and yet, with this revolution we still continue to have a problem. and i think the report that we're releasing today, the national strategy for energy security and its subtitle really says it all -- harnessing american resources innovation. and the first point is, how do we leverage this abundance we have in the united states to our maximum benefit? at a time when washington is talking about our fiscal crisis i'd say that the relationship of our oil needs to this crisis itself are close. it might not solve our fiscal crisis but clearly it's a necessary ingredient. every recession in the history of the united states in moden times has been preceded by or happening concurrent with an oil price spike. if we don't have continued growth we can cut all we want and raise revenue all we want, but we'll never find a way to solve our fiscal troubles. and i think this report really looks at how do we leverage this great abundance, this great blessing in the united states, both
and we had some growth in the economy, i don't think they would object to going back to the tax rates. >> with no breakthrough today, fiscal cliff negotiations, could this be a starting point? "outfront" republican congressman james lankford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. appreciate you're taking the time. what about this idea of racinin taxes on everyone? the math works much better. >> i heard your lead in when you said this is a new idea. actually, it's not a new idea, there are several democrats who have floated that for a while. the code word is we want to go back to the clinton tax rates and talk about the clinton economy that we had a much more vigorous economy and growth and we should go back to the clinton tax rates. what that really means is all tax rates on all americans go back up because the tax rates were brought down in 2001 and 2003. i don't support that. i don't think that's a great idea. it would slow down the economy. >> when you look at economist's evaluations, it would slouw
fewer not good for our businesses. it's not good for our economy. it's not good for employment. that's one path. congress does nothing, we don't deal with this looming tax hike on middle class families, and gets hit with this big tax hike and businesses suddenly see fewer customers, less demand, the economy, which we've been fighting for four years to get out of this, you know, incredible economic crisis that we have, it starts stalling again. so that's one path. the good news is there's a second option. right now congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income. everybody. so that means 98% of americans, 97% of small businesses wouldn't see their income taxes go up by a single dime, right? because 98% of americans make $250,000 a year or less. 97% of small businesses make $250,000 a year or less. so if you say income taxes don't go up, income above $250,000, the vast majority of americans, they don't see a tax hike. but here's the thing, even the top 2%, even folks who make more than $250,000, they still keep their tax cut on the firs
the waiting game to see if country and the president take the economy off the fiscal cliff, president obama says he will not play the debt ceiling game again. but he is taking a few more shots in the public relations game. turning the screws on republicans, a little bit more. chief white house correspondent ed henry starts us off tonight. >> reporter: finally the blame for stalled budget talks on republicans, president ratcheted up the lesh on john boehner. >> no one wants to have this done more than me. >> reporter: telling agencies to watch for massive spending cuts from going over the fiscal cliff and warped the business exectives the economy could take another hit if the republicans decide to extend the middle class tax cut to avoid the cliff for now. then come back with more leverage. to tie it to a hike in the debt ceiling. >> we are 23409 going play that game next year. if congress in any way suggests that they are going to tie negotiations to debt ceiling votes, take us to brink of default again, i will not play that game. >> republicans held their own meeting with small business ow
, people. i hope you're not either. coming up tomorrow, what was once a dark spot in the economy is becoming the shining star in the recovery. why the quick tu around? that's all for on the. thanks for joining us. have a great night. see you right back here tomorrow. ♪ lew: good evening, everybody. u.s. foreign policy in the middle east in question at this hour. violence spiring outf contro in syria after 20 months of civil unrest and the deas of at least 40,000 murdered civilians at the hands of their own government. united states and nato agreeing to deploy patriot weapons and to thwart an aso-called by assad. the missile systems to be positioned near the syria. his staff denies that and estimates if they were deploy troops, it requires 75,000 of the troops in a full ground invasionn order seize the chemical weapon stockpile. fox news confirming they were not ordered to draft the consideration of such a mission. secretary of state clinton is nonetheless talking very tough calling for assad to step down as the obama administration has done for the past 15 months, b refusing,
the economy go into a recession. i do not believe he'll do that. i'm call his bluff. he will have to make a deal with republicans because, yes, they will blame the republicans for the recession. i know that's what you're going to say. you know what there will be truth but it's obama who gets blamed for having another recession in his second term. it will be herbert hoover obama. he has ta deal. steve, i'm calling your bluff on this whole thing. >> i'm for him for making a deal and i think he will. the republicans could pass a bill tomorrow to extend the bush tax cuts for everybody making less than 250 and then we could have a discussion about the people making over 250 from now to the end of the year but we could ensure people making under 250 don't see their paychecks, $2,000 taken out of it on january 15th and january 30th. >> why should they do that? >> why can't they protect the middle class. the president says look i have them in my budget. i went through his budget. 258 proposals on taxes or spending. 15 on medicare. total of 150 billion in cuts. we spend $7 trillion in the next ten
on the obama administration if the economy doesn't recover. >> all right. many thanks, scott rasmussen, appreciate it very much. >> thanks. >>> with just 26 days until we fall off the tax and fiscal cliff, two dozen house republicans have apparently defected from the boehner plan and signed a bipartisan letter with democrats. people are now asking is there a fallback position for the gop? well, here now to tell us is house majority whip california republican kevin mccarthy, the number three man. mr. mccarthy, as always, thank you for coming back on the show. can i get your comment on this letter, two dozen republicans, they're talking about tax rate flexibility along with a bunch of democrats. what's your take, sir? >> well, remember what they're saying here. what they're saying is that they're going to put everything on to the table. what we've been talking about for so long is where the president has been awol, this is a spending issue that we have a real problem with. we agree that we'll provide revenue, but we do not want to hurt a pro growth economy here. so it's how you go about
." and brian beutler and eric bates. what's your take on this? how severe will the harm be to the economy if we do not have a deal by december 31st. >> the macroeconomic harm is not going to be that great. our economy is adaptable adjustable. these things take place over the course of a year. for some people it is a cliff. the payroll tax cut will expire. if you're a working person, you're losing $40 to $50 a week immediately in your first paycheck. the unemployment benefits will expire. if you're dependent on that, your income will fall off the cliff. if you're someone who listens on dividends and financial gains, the fact that tax on those will rise will not put a crimp in your lifestyle and you may not be taking any capital gains until june, july, august, september. those who are most vulnerable are those on the lower income ladder and who are benefiting from the benefits that will expire, they will feel like they're going over a cliff. >> eliot: brian, let me turn to you, politically am i not correct? the pieces of the tax impact that dan was just talking about that would have the greatest
of the biggest thing is that is killing the economy is something so big you got to say to yourself how come they can't take a little bit less to back up on its seat? >> guest: i am going to disagree with you a little bit. if you look at the percentage of investment, the exploration production of energy is very heavily involved, it is a very expensive item, and their profits are five to 8% on what they actually invest. microsoft and intel are much more profitable and they pay less in taxes than the percentage of the total revenue. so, people always focus on the gas prices. look at your heating bill. the natural gas movement brought down the price of natural gas about 80% of what we produce in terms of my state. it's about a quarter of what it was three years ago. that isn't always a good deal for the american people. it's actually bringing the industry back. this industry which is often vilified quite frankly is the one that is generating more jobs, more income, more opportunity than almost any other sector and it isn't as profitable as the high-tech. >> host: nelson in colorado springs. >>
are willing to make sure we don't go over this fiscal cliff but at the same time don't harm this economy. what has to happen here if the president shows a little leadership we are willing to stay in the room and stay here and we are willing to get this done. that's why you saw a proposal that is raoeubl reasonable that meets his criteria. >> reporter: steny hoyer said in the next few days we will see substantive movement in private to get this done. jenna: we'll continue to watch the play-by-play, mike, thank you. jon: right now we are continuing to await a speech by former president george w. bush, the speakers are taking to the podium there to get ready to introduce the former president. he is set to address a conference there in dallas, where he will spotlight the positive impact of immigration on u.s. economic growth. this as the g.o.p. looks to attract more hiss to the party. meantime mr. bush's father, former president george h.w. bush is spending another day in the hospital being treated for bronchitis and a lingering cough. we told you about that last week when we first found out that
over $250,000 paying a higher tax. they have confidence in this economy, perhaps the reason that your party saw success in the election. what do you make of this notion that, again, some republicans say the president doesn't get small business or economic growth somehow? >> well, i think the american people roundly rejected that. they think the president gets it. that's why they voted for the president. more than that, economists think the president gets it. this really is a balanced approach, and i don't think any credible economist will tell you we can simply cut our way out of the current deficits and debt. we need new revenues, and where should they come from? should they come from a middle class or working families that have really struggled or had setbacks in the last decade, or should it come from families that have done very well and can be asked to do more? if you look at the prosperity we enjoyed during the clinton administration when the tax rates were higher on upper income families, that certainly didn't kill economic growth. we have incredible economic growth during the
economy. >> they could play havoc with the world economy. i think you would see a wave of terror across the region, potentially even here at home. i don't think, just for your personal, as per personal opinion, i don't think they would try to block the persian gulf because that would cut their own throats, but i would not be surprised to see them attack the oil facilities of other countries on the periphery of the gulf. and to do other things that would drive the price of oil through the roof but i think -- and i think you would see them behave in a very different way in both iraq and afghanistan. >> rose: based on everything you know, do you believe that they will respond to the economic embargo, the economic sanctions if we turn that screw as hard as we possibly can? >> i don't think the government will, if there is one thing that the iranians, saddam hussein, the north koreans and bashar al-assad all have in common is they don't care how many other people get killed. >> rose: even their own people? >> it is what happens to them that matters. so the question is, do those, can the sanc
this one, and that's good for the american economy. >> republicans believe the reason the president is going light on spending cuts while demanding the budget deal include another increase in the nation's debt ceiling is clear. >> this is not about getting a handle on deficits or debt for him. it's about spending even more than he has. >> white house aids reject the republican claims that holding the debt limit over the president's head is the only mechanism to get him to trim spending. >> you're just going to keep at the debt limit goes higher, you spend more money. you and congress, both. >> that's false. president signed into law a trillion dollars in discretionary cuts. the president has a specific proposal to achieve $600 billion in savings from entitlement programs like health care entitlement programs. >> jay compared republican pressure on the debt ceiling to a hostage taking. >> a profoundly bad idea that i think could not be more frightening for american businesses, and american workers. >> treasury secretary tim geithner may have frightened people yesterday saying the whi
.s. gdp. it's been revised upwards. commerce department officials say the economy for the july to september quarter dp eer grew a annualized 2.7%. exports were revised to mark an increase of 1.1%. earlier predictions headed for fall of 1.6%. housing investment was revised slightly down toward to 14.2% but maintain strong growth. >>> consu consumer spending was revised down 0.6 points to a growth rate of 1.4%. overall gdp mark significant growth but uncertainty remains. consumption is growing. there is the fiscal cliff to consider. >>> now let's turn to japan. the jobless rate in october remained flat compared to the previous month. the internal affairs ministry said unemployment stayed at 4 4.2%. officials at the labor ministry say the ratio of job vacancies to seekers declined. it says 80 positions were open for every 100 job seekers. the industrial output posted an increase in october for the first time in four months. the index stood at 88.1 against a reference value of 1205. this was due to increases in the electronic parts and devices industry as well add the fabricated me
has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: neither side showed signs of budging today as the nation edged closer toward a so- called fiscal cliff that could raise taxes by year's end. we begin with a report from newshour congressional correspondent kwame holman. >> we're going to have to see the rates on the top two percent go up. we're not going to be able to get a deal without it. >> reporter: in his first interview since the election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the
of their money to the federal government without raising tax rates which we believe will harm our economy. >> all right. this is perhaps the most disappointing development of the day. the house republicans, they were not elected to raise either rates or revenues. they were elected as a check and balance against president obama's reckless deficits and his reckless debt. they were elected to stop the explosive growth of government. the republicans were elected and sent to washington to fight for limited government, balanced budgets, and of course, greater liberty for all the american people. at this moment it seems like they are only offering a democratic light version for america. maybe they need to learn a thing or two from president obama. maybe they need to show a willingness to go over the so-called fiscal cliff. now, if the president really wants to take the country there, maybe they need to let him go there. here's the bottom line. what are we hearing from the white house? we're hearing the president will not negotiate unless taxes are raised on job creators, and we're hearing that the presi
, in order to protect small businesses and our economy. instead, new revenue would be generated through progrowth tax reform that closes special interest loopholes and deduksz while lowering rates. i'm going to guess that is the very line that the white house is going to say no deal to, right? >> so let me understand. if, in fact, we want $800 billion in new revenues, and we can do that through closing loopholes, limiting deductions for the wealthy in this country, and we're going to not have a deal because it's not a rate increase, but rather taking the same amount of money from the same people and we're going to say no to that? >> well, there are people who said, the math doesn't work out. closing the loopholes doesn't get you enough money. >> soledad, i've been studying this for seven years. that's bologna. there's -- it's easy to get $800 billion out of the wealthy in this country by limiting deductions and taking away options that are specifically benefiting only the well off in this country. >> case, but -- >> all you have to do is -- for example, people making more than $250,000
. whether it's the best solutioner to the economy is an entirely different story. this is a political and ideological argument and we'll see who wins. martha: there is a couple ways this could go. one is to land in the middle. you have $800 billion and $1.6 trillion. the other is for one side to say no deal. we'll let you go over the fiscal cliff and we'll see what happens. >> reporter: at the last minute i think there will be a deal. i think republicans will retreat and say okay, you can have higher tax rates but only on people making a half million dollars a year. the president will say, okay, but we'll only discuss -- we'll think about, we'll promise spending cuts in the future. it will be a way of kicking the can down the road. martha: charles krauthammer have a will the more leverage than republicans realize. the president does not want us to go into a recession. we'll talk about that coming up. bill: democrats are all about tax hike and republicans argue massive spending programs like medicare and social security must be dealt with in any kind of deal if you want to bring count
care? >> well, we should care because the tax on capital has a major impact on the economy overall, on productivity growth and, therefore, on standards of living. the way that you have a more prosperous economy, is you need to have incentive to encourage capital formation, to encourage investment, to increase worker productivity -- megyn: what are people going to do with their money? so if i had otherwise invested in stocks and gotten dividends, but now -- because i like getting 15% taxes as opposed to, you know, 40% taxes on them -- what am i going to do with my money now instead of invest it in stocks? >> well, on the margin a lot of people will choose consumption. if you can spend your money and enjoy it today versus having more in the future, anytime you reduce the return on investment, you give people more of an incentive to say, the heck with it -- megyn: well, isn't that good for the economy, consumption? >> well, i don't think so. we've got a real problem with declining business investment, and if you don't have expansion on the supply side, it's hard to have the productivi
and being hurt. everyone i know is already seeing cutbacks, and the economy is going to be disastrous and only going to get worse under obama. >> stephanie: by the way that was dexter von frisch? >> it was. >> stephanie: he just screams at ann coulters voice? >> it's like an earthquake he just screams before it happens. >> stephanie: kids carbonite backs up everything for you. >> i hope news buster has carbonite, so they save all of our transcripts. >> stephanie: right. absolutely. carbonite set it up once and then it's easy, and then all of your files are backed up automatically and continually. you don't want to think about what would happen if you lost everything. financial documents, music, pictures all of that stuff you have in there. unlimited backup space from your computer. carbonite always has one low fee for your small business. i have carbonite at home and here. get it now. plus you debt two free bonus months with your subscription. that's carbonite.com the offer code is stephanie. >> i think your show is absolutely vulgar. i think it's sad. >> stephanie:
. the head of state television. it is possible that made a difference. also throw into the mix the economy there. the economy in egypt is suffering terribly. today alone the stock market is down another 4.6%. the egyptian currency is at an eight-year low. those factors may be contributing to why at least now the egyptian president has decided to speak out. we will have to wait and see if there is any compromise in the works. >> we shall see. david lee miller live in our newsroom. i can tell you what happened so far in this speech. the egyptian president said among other things that the will of the people cannot be expressed boo i angry crowds in the street. but in fact the polls indicate and the word from the people is that's exactly what is happening. the egyptian president mohamed morsi from the muslim brotherhood is speaking live on egyptian television. should anything of significance come out of it we will bring it to you. >>> the software tycoon wanted in the murder of a neighbor has asked for asylum, but instead he is in jail. it has not stopped him from blogging about his adventures
're going to talk about the fiscal cliff, we're going to talk about the global economy. we're going to talk about the civil war in syria. we'll talk about the royal baby coming soon. first we want to get right to zoraida sambolin for an update on the day's top stories. >> soledad, the fiscal cliff debacle, with 28 days remaining before drastic tax hikes and spending cuts take effect, a republican spending plan has been rejected by the white house. brianna keilar is live from washington. what now, brianna? >> well, right now it's about the pressure building and the clock kicking, zoraida. as house republicans in the white house try to ultimately broker a deal between two very different plans. house speaker john boehner's counteroffer, if you take a look at the headlines from this $800 billion in what would be savings from tax reform. so that is new tax revenue. but not done by increasing income tax rate on the wealthiest. but instead by closing tax loopholes, eliminating tax credits. and also $600 billion in health savings. that's what you'd get from entitlement reform. from reforming medica
. if you believe that? >> it's hard to imagine that the president would want to send the economy into another recession. that would be a terrible start to his second term and it would cripple the rest of the spectrum. everything else that he would want to do. it would seem a bit suicidal to do that. that being said, there is a scenario where he thinks that he might be able to quickly turn around and get tax cuts back in place. it depends on how much you think going over the fiscal cliff will affect the economy. others say it will be devastating and others say it will be back. it depends on where you stand when you are making these sort of analyses. megyn: it feels like we are left with the economy -- with people's livelihoods and growth in the country and salaries and unemployment benefits. we are just left. both sides are accusing the other of being the untethered risk taker. last night speaker boehner made remarks demanding leadership on the president. here he is. >> this is not a game. jobs are on the line. the american economy is on the line. this is a moment for adults leade
market, and by being perceived as generally sort of willing to play chicken with the economy doesn't sound like a brilliant political move to me. jon: you think that's all talk? >> i think it's a game of chicken, i really do. i think that the republicans would probably get a lot of blame in the beginning, and that's maybe what they are thinking of and they are trying to scare the republicans, but over the long term there is just no way this administration wants to go overt fisca over the fiscal cliff. whether they are willing to turn the wheel last it's possible, but the idea that they are vying with the idea strikes me as preposterous. jon: you write that the news media is essentially biased against republicans and any conservative idea that wins here is not going to gain a lot of favor, so is it a case in which republicans are sort ever dammed if they do, and dammed if they don't? >> that's sort of been the theme of the last four years is that republicans basically can't win. part of what i proposed in that column was basically the shouldl back position of basically adopting or p
and is fair. that would be good for businesses, for our economy, for future generations, and i believe both parties can and will work together in the coming weeks to get that done. we know how that gets done. we're going to have to raise a little more revenue. we have to cut spending we don't need. and if we combine those two things, we can create a path where america's paying its bills while still being able to make investments in the things we need to grow like education and infrastructure. we know how to do that but in washington nothing's easy so there's going to be prolonged negotiations and all of us are going to have to get out of our comfort zones to make that happen. i'm willing to do that. i'm hopeful that enough members of congress in both parties are willing to do that, as well. we can solve these problems, but where the clock is really ticking right now is on middle class taxes. at the end of the year, middle class taxes currently in place are set to expire, middle class tax cuts surge in place are set to expire. there are two things that can happen. if conditioning does nothin
animals that are so important to our economy and for the environment. they depend upon the coral growth and coral reef and if you have that much of a loss it really has a cascading negative impact. >> sreenivasan: florida is no stranger to storms, and healthy reefs buffer up to 90% of the force of incoming waves providing shoreline protection to people and property from storm surge and erosion. then there's the dollars and cents. more than 33,000 jobs in the florida keys alone are supported by ocean recreation and tourism which accounts for 58% of the local economy and an average $2.3 billion a year. >> it is the lifeblood of our economy in the keys. we get millions of visitors a year who spend millions of hours out on the ocean diving and fishing on our coral reefs. >> sreenivasan: amy slates dive resort depends on coral, and the divers who come to see them >> because we deal so much with nature and with diving its it's probably life or death for my business, i hate to say it, but if the coral reefs thrive and grow, the more wildlife you have and the nicer it will be for everyone. and
economy and a fiscal mess. >> our people in an overwhelming way supported the reelection of this president, and there ought to be a quid pro quo and you ought to exercise leadership on that. >> you want the answer to solving the fiscal cliff? we put an offer on the table. the president now has to engage. >> you might even say he'll inherit these problems. >> the president is going away for christmas. he's going to hawaii for 20 something days. where am i going to be? where are my neighbors going to be? we're not going to have a place called home. where is the help? >> what's holding us back right now is a lot of stuff that's going on in this town. >> after the election of jimmy carter, he went to washington, d.c. and came back home with some bacon. >> that's right. >> that's what you do. >> the fact is this president basically i don't think wants to work with congress. >> we do not have a taxation problem. we've got a wildly out of control spending problem. >> i'll be here, and i'll be available any moment. >> we believe that despite obvious resistance to what has to be the framework of a
overseas. mitt romney hitting the president for his handling of the economy, saying in essence the president had set the economy on a reverse course, put it in reverse. now they're sitting down. most likely it will be a much different tone this time around. the president has said there are things he would like to talk to mitt romney about, ideas such as job creation for middle class americans. he also has pointed out that mitt romney did a good job in turning the olympics around. these are things that perhaps could work in the federal government streamlining federal agencies. a different tone as both men sit down. we will have no cameras there so we won't be able to witness it. >> such a disappointment. you mentioned this, dan. there have been jokes about a potential cabinet position for romney. here is how white house press secretary jay carney responded to that one. >> is governor romney here tomorrow in some kind of cabinet-level position? some kind of audition for that position? >> no, no, no. >> okay. so i know it sounds ridiculous. but wouldn't it be nice if, like you sai
and international economies as well. can you reassure them that you will come to some sort of a deal? >> i think that we will. we're in the early stages of the serious negotiations and that president -- the president has put forth an offer and speaker john boehner has put forth that offer. the fact that this is rejected is to be expected but it is testing ground. we have seen that between them have gone through this process. i believe we will get there. both sides so that we cannot win are refusing to compromise. we both have our right to be here and we have countered with some revenue in places. we want to see what the president will do in terms of cuts. where are concerned about the deficit. i believe we will get there. i really do. >> you are a perennial optimist. you make everything seem sunny. we are at a stalemate. republicans do not want to raise taxes and democrats to know what to -- do not want to cut spending. >> the president has the political upper hand. if nothing happens, the tax rates do expire as is and they go up and the sequestration of takes place. he can vote -- publicly blam
the story out there. climate change is happening. we immediately have to start transforming our economy to renewable energy. that's totally duible. we can run everything we have right now off existing technology from the wind and the sun and renewable energy. the second thing, it's an incredible economic benefit and economic engine to this area. there are community centers out on the rockaways that have power because greenpeace pulled up with a solar array on the back of a truck and that distributed generated energy helps people. >> eliot: it is unfortunately an event to drive home the reality of what you can do at a moment of distress when you need to find alternative energy sources. you've done that. i want to pivot a little bit. the occupy movement has morphed into something different. it's changed it's imagery and providing real services to real people. is that going to be a continueing transformation? is this a new cause for occupy. >> one would argue that they were a disaster organization when they were dealing with the wall street disaster. but this is a new form of politics and
talking point that lowering taxes on rich people stimulates the economy. i have a degree in economics and my dad was an economics professor. and i know that it's the opposite. >> bill: yeah. >> caller: to stimulate the economy, you have to tax rich people who are just sitting on that money. they're refusing to use it to help the economy. and the government uses that money to put people to work, rebuilding bridges schools hiring people to inspect our food so we don't die from eating peanut butter or getting shots. >> bill: amen, amen. hey, paul, it has been proven, right? right, igor? we had eight years. >> in great growth and great jobs. in a consumer-based economy where people have to buy -- you have to participate in business for the economy to grow, you've gotta give -- as the president said, you've gotta grow the economy from the middle out. if the relief doesn't go toward middle class americans, if they can't participate in the economy, yeah, you're going to have a top 1% or 2% folks who do really
Search Results 0 to 49 of about 160 (some duplicates have been removed)

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